Mar 31, 2014
The Members
The Directors'' present Annual report on the business and operations of
your Company for the year 2013-14
FINANCIAL RESULTS AND OPERATIONAL REVIEW:
The Company has again started to operate in the finance market and
received income of Rs. 4,02,000 during the financial year 2013-14.
However, the Company incurred loss during previous years after set off
such loss the net profit of the company was Rs. 11,753 during the
current financial year and hope for better in coming years, even in the
downward stream scenario of global financial and capital market.
Directors have started to explore various other opportunities to
further improve the working results during the current year.
PARTICULARS OF EMPLOYEES:
There is no employee receiving salary of Rs. 60 Lac per annum or Rs. 5
Lac per month during the 12 Months period ended 31st March, 2014, the
details as required to be furnished under section 217(2A) of the
companies Act 1956 read with the Companies (Particulars of employee)
Rules, 1975 as amended.
DIVIDEND:
In view of inadequate profit, your Directors do not recommend any
dividend during the year.
DIRECTORS:
Mr. Bhagabhai Dahyabhai Bharwad, Director of the Company is liable to
retire by rotation at the ensuing Annual General Meeting and being
eligible, offer himself for re-appointment.
RESPONSIBILITY STATEMENT:
Director confirms that:
The applicable accounting standards have been followed along with
proper explanation relating to material departures.
Such accounting policies have been selected and applied consistently
and reasonable and prudent judgments and estimates made, so as to give
a true and fair view of the state of affairs of the company at the end
of the financial Year and the profit/loss of the company for that
period.
Proper and sufficient care has been taken for the maintenance of the
adequate accounting records in accordance with provisions of this act
for safeguarding the assets of the company and for preventing and
detecting fraud and other irregularities.
The annual accounts have been prepared on a going concern basis.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE:
As required under rule 3 of the companies (Disclosure of Particulars in
the report of Board of Directors) Rules 1998, the particulars relating
to the conservation of energy, Technology absorption, and the foreign
exchange earnings and outgo are also Nil.
APPOINTMENT OF AUDITORS:
M/s. P. Dalal & Co., Chartered Accountants, Ahmedabad, the retiring
auditors being eligible offers themselves for re-appointment. Members
are requested to appoint them as auditors of the company.
PUBLIC DEPOSITS:
The Company has not accepted any deposits from the public during the
year under review. The equity shares of Your Company are listed with
the BSE Ltd.
MANAGEMENT DISCUSSION AND ANALYSIS:
Management discussion and analysis Report, pursuant to Clause 49 of the
Stock Exchange Listing agreement, forms part of this Report and the
same is annexed hereto.
REPORT ON CORPORATE GOVERNANCE:
A separate Report on Corporate Governance along with Certificate from
Auditors on its compliance as annexed hereto.
SEGMENT:
Your Company is engaged in a single segment only.
ACKNOWLEDGEMENT:
The management is grateful to the government authorities, Bankers,
Vendors for their continued assistance and co-operation. The directors
also wish to place on record the confidence of members in the company.
For & on behalf of the Board of Director
Date: 28/05/2014
Place: Ahmedabad
Sd/- Sd/- Sd/-
(Rokibhai Vaghela) (Ripal Chauhan) (Bhagabhai Bharwad)
Director Director Director
DIN: 05201644 DIN: 05346014 DIN: 05346010
Mar 31, 2013
The Directors'' present Annual report on the business and operations of
your Company for the year 2012-13.
FINANCIAL RESULTS AND OPERATIONAL REVIEW:
The Company has again started to operate in the finance market and
received income of Rs. 1,49,145 during the financial year 2012-13.
However, the Company incurred loss during previous years after set off
such loss the net profit of the company was Rs. 3,189 during the
current financial year and hope for better in coming years, even in the
downward stream scenario of global financial and capital market.
Directors have started to explore various other opportunities to
further improve the working results during the current year.
PARTICULARS OF EMPLOYEES:
There is no employee receiving salary of Rs. 60 Lac per annum or Rs. 5
Lac per month during the 12 Months period ended 31st March, 2013, the
details as required to be furnished under section 217(2A) of the
companies Act 1956 read with the Companies (Particulars of employee)
Rules, 1975 as amended.
DIRECTORS:
Mr. Rokibhai Vaghela, Director of the Company is liable to retire by
rotation at the ensuing Annual General Meeting and being eligible,
offer himself for re-appointment.
During the year Mr. Bhagabhai Bharwad and Ms. Ripal Chauhan have been
appointed as additional director 12th July, 2013.
Mr. Bhagabhai Bharwad, Mr. Rokibhai Vaghela and Ms. Ripal Chauhan have
been regularized at Extra Ordinary General Meeting held on 3rd August,
2012.
The Board has accepted resignation of Mr. Lal Mirchandani, Mr. Manthan
Bhavsar and Mr. Mahesh Raval from the directorship of the company.
RESPONSIBILITY STATEMENT:
As required u/s 217(2AA) of the Companies Act, 1956 your Director
confirms that in the preparation of the annual accounts.
The applicable accounting standards have been followed along with
proper explanation relating to material departures.
Such accounting policies have been selected and applied consistently
and reasonable and prudent judgments and estimates made, so as to give
a true and fair view of the state of affairs of the company at the end
of the financial Year and the profit/loss of the company for that
period.
Proper and sufficient care has been taken for the maintenance of the
adequate accounting records in accordance with provisions of this act
for safeguarding the assets of the company and for preventing and
detecting fraud and other irregularities.
The annual accounts have been prepared on a going concern basis.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE:
As required under rule 3 of the companies (Disclosure of Particulars in
the report of Board of Directors) Rules 1998, the particulars relating
to the conservation of energy, Technology absorption, and the foreign
exchange earnings and outgo are also Nil.
APPOINTMENT OF AUDITORS:
M/s. P. Dalal & Co., Chartered Accountants, Ahmedabad, the retiring
auditors being eligible offers themselves for re-appointment. Members
are requested to appoint them as auditors of the company.
PUBLIC DEPOSITS:
The Company has not accepted any deposits from the public during the
year under review. The equity shares of Your Company are listed with
the Bombay Stock Exchange, Ahmedabad Stock Exchange Limited, Vadodara
Stock Exchange Limited.
MANAGEMENT DISCUSSION AND ANALYSIS:
Management discussion and analysis Report, pursuant to Clause 49 of the
Stock Exchange Listing agreement, forms part of this Report and the
same is annexed hereto.
REPORT ON CORPORATE GOVERNANCE:
A separate Report on Corporate Governance along with Certificate from
Auditors on its compliance as annexed hereto.
SEGMENT:
Your Company is engaged in a single segment only.
ACKNOWLEDGEMENT:
The management is grateful to the government authorities, Bankers,
Vendors for their continued assistance and co-operation. The directors
also wish to place on record the confidence of members in the company.
For & on behalf of the Board of Director
Date: 25/04/2013
Place: Ahmedabad Sd/- Sd/- Sd/-
Director Director Director
Mar 31, 2011
The Directors' present the Fourteenth Annual report on the business and
operations of your Company for the year 2010-11.
FINANCIAL RESULTS AND OPERATIONAL REVIEW:
Year Ended Year Ended Particulars
31.03.2011 31.03.2010
(Rs. In lacs) (Rs. In lacs)
Gross Sales/Income 0.56 0.41
Less Depreciation 0.03 0.03
Profit/(Loss) before Tax 0.09 0.02
Taxes/Deferred Taxes 0.03 0.01
Profit/(Loss) After Taxes 0.06 0.016
P& L Balance b/f (604.18) (604.19)
Profit/ (Loss) carried to
Balance Sheet (604.12) (604.18)
PARTICULARS OF EMPLOYEES:
There is no employee receiving salary of Rs. 24 Lac per annum or Rs. 2
Lac per month during the 12 Months period ended 31st March, 2011, the
details as required to be furnished under section 217(2A) of the
companies Act 1956 read with the Companies (Particulars of employee)
Rules, 1975 as amended.
DIRECTORS:
Mrs. Aarti Agarwal Director of the Company is liable to retire by
rotation at the ensuing Annual General Meeting and being eligible,
offer themselves for re-appointment.
RESPONSIBILITY STATEMENT:
As required u/s 217(2AA) of the Companies Act, 1956 your Director
confirms that in the preparation of the annual accounts.
The applicable accounting standards have been followed along with
proper explanation relating to material departures. Such accounting
policies have been selected and applied consistently and reasonable and
prudent judgments and estimates made, so as to give a true and fair
view of the state of affairs of the company at the end of the financial
Year and the profit/loss of the company for that period.
Proper and sufficient care has been taken for the maintenance of the
adequate accounting records in accordance with provisions of this act
for safeguarding the assets of the company and for preventing and
detecting fraud and other irregularities.
The annual accounts have been prepared on a going concern basis.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE:
As required under rule3 of the companies (Disclosure of Particulars in
the report of Board of Directors) Rules 1998, the particulars relating
to the conservation of energy, Technology absorption, and the foreign
exchange earnings and outgo are also Nil.
APPOINTMENT OF AUDITORS:
M/s. P. Dalal & Co., Chartered Accountants, Ahmedabad, the retiring
auditors being eligible offer themselves for re-appointment. Members
are requested to appoint them as auditors of the company.
PUBLIC DEPOSITS
The Company has not accepted any deposits from the public during the
year under review. Your Company is listed with the Bombay Stock
Exchange, Ahmedabad Stock Exchange Limited, Vadodara Stock Exchange
Limited.
MANAGEMENT DISCUSSION AND ANALYSIS:
Management discussion and analysis Report, pursuant to Clause 49 of the
Stock Exchange Listing agreement, forms part of this Report and the
same is annexed hereto.
REPORT ON CORPORATE GOVERNANCE:
A separate Report on Corporate Governance along with Certificate from
Auditors on its compliance as annexed hereto.
SEGMENT:
Your Company is engaged in a single segment only.
ACKNOWLEDGEMENT:
The management is grateful to the government authorities, Bankers,
Vendors for their continued assistance and co-operation. The directors
also wish to place on record the confidence of members in the company.
For & on behalf of the Board of Director
Date: 24/06/2011
Place: Ahmedabad
Sd/- Sd/-
(Lal Mirchandani) (Aarti Agarwal)
Director Director
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